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I see an economic diasater coming...

Started by the_big_m_in_ok, September 03, 2009, 01:05:30 AM

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Do you think the American economy will ever improve?

Yes, definitely
Possibly, in the long run
No, it will worsen
Undecided

triffid

From this perspective, Russia is not so much an insecure superpower as it is a typical petrostate with a short-term horizon that gets aggressive and ambitious once it accumulates substantive oil revenues. Back in the early 2000s when the price of oil was $25 a barrel, Putin was a friend of the United States and didn't mind NATO enlargement in 2004. According to Hendrix's research, this is exactly how petrostates behave when the oil prices are low: In fact, at oil prices below $33 a barrel, oil exporters become much more peaceful than even non-petrostates. Back in 2002 when the Urals price was around $20, in his Address to the Federal Assembly Putin enumerated multiple steps to European integration and active collaboration aimed at creating a single economic space with the European Union among Russia's top priorities. In 2014 – with the price of oil price around $110 – Putin invaded Ukraine to punish it for the attempts to create that same single economic space with the E.U.

triffid

http://www.fool.com/investing/general/2014/03/02/the-real-reason-russia-invaded-ukraine.aspx
oil and gas.

But is it possible that the true explanation is even simpler? Could it be, in fact, that Russia's decision to invade Ukraine had merely to do with a handful of natural gas discoveries off the coasts of Romania and Ukraine?
I ask this question somewhat rhetorically, because I think the answer may be "yes." As Bloomberg reported in the middle of last year, the Black Sea remains "almost untouched by the oil industry, with fewer than 100 wells drilled, compared with more than 7,000 in the North Sea."

triffid

Some more reasons:By all appearances, the ouster of now-former Ukrainian President Viktor Yanukovych -- who, as is well known at this point, was backed by the political establishment in Russia -- stemmed from his regime's widespread and deep-seated corruption. According to its new finance minister -- who is obviously not unbiased -- as much as $70 billion was embezzled out of the country over the past three years alone.
In this regard, the Ukrainian revolution is very different from conflicts in, say, Syria or Lebanon, where sectarian strife is often the cause of ethnically fueled humanitarian catastrophes. This simply doesn't appear to have been the case in Ukraine. The people there were just tired of being ruled by a regime that used state funds to, among other things, build a floating restaurant on the grounds of the presidential palace.

triffid

To add fuel to the fire, moreover, ExxonMobil  (NYSE: XOM  ) recently discovered a massive natural gas field off neighboring Romania's shores. The find, according to that country's prime minister, may end up being so substantial that Romania could become a natural gas exporter by as early as 2018.
It's in this context, in turn, that the Russian invasion of Ukraine can arguably be best explained -- and particularly when you consider that Exxon was on the verge of signing an exploration agreement with the Ukrainian government until its now-former fuel and energy minister, Eduard Stavytsky, put the deal on hold in late January.
"We will sign it in February," Stavytsky told the media on Jan. 27. At the time, no reason was given for the delay. Perhaps now we know.

triffid

http://www.newsmax.com/finance/mkt-news/Scientist-Confesses-Global-Warming-a-$22-B/2014/11/17/id/607827/?dkt_nbr=7v3kcnck&utm_source=taboola&utm_medium=referral
This link talks about 300 dollar per barrel oil coming.

Seems the link does not want to work:however here is the gist of it.

Fact: There Has Always Been, And Always Will Be Climate Change

The reality is simply this: The climate changes over time.

When Alexander the Great was conquering Persia, climate change was a big factor. And we all learned in high school that the "little ice age" that rocked Europe killed hundreds of thousands of people from the 1600s through the 1800s. Additionally, we know about the heat wave and drought that wiped out much of America during the 1930s. Thousands of people were dislocated in search of survival.

Were those events caused by man-made "global warming"?

Of course not.

And, the reality is, most scientists who advocate "global warming" today know mankind has nothing to do with climate change.

Remember: Temperatures have only risen .36 degrees since 1979 . . . and the bulk of that happened during the 1990s! We haven't seen any warming for the last 17 years . . . in fact we have seen a drop in temperatures.
Anyway I guess you could cut and paste the link to get the article.